Scotland Energy To Get £103m Boost

Scotland has welcomed a £103 million boost to their renewable energy budget thanks to the Fossil Fuel Levy. The Scottish government has wanted the Fossil Fuel Levy money released for quite some time now, all to be invested into onshore and marine renewable projects.

Scotlands Finance Secretary, John Swinney said, “Scotland has the natural renewables to become the green energy powerhouse of Europe using all forms of renewables including hydro, wave, tidal, onshore and offshore wind.”

A former oil rig construction yard in Nigg is set to become a service hub for the energy industry, after being purchased by Inverness and Aberdeen based Global Energy Group. Employing 2,000 people by 2015, the company plans to meet contracts from the oil, gas and marine energy markets on the 238 acre plot.

On top of this, the Highlands and Islands Enterprise will be funding £1.8 million to help transform into a “multi-use modern energy park.” By the time this is complete it will have generated thousands of new jobs, helping to boost the economy, and will begin producing lots of energy and saving tonnes of carbon emissions each year.

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